Many fliers are outraged, but few are surprised, that most airlines have chosen to raise fares rather than cut ticket costs to reflect a suspension of airline ticket taxes.
Several aviation taxes expired after midnight Friday when Congress failed to reauthorize the Federal Aviation Administration, which collects the revenue. The suspended taxes could save passengers 10% to 15% on their ticket prices, but most U.S. carriers have boosted fares to the levels ticket prices would have been with the taxes still in place, allowing the airlines to take in roughly an extra $25 million a day, says Rick Seaney of FareCompare.com.
1 comment:
Big business looking out for the little guy. I know capitalism is far better than any other option, but that does not mean it is not evil.
Can you imagine if Oil companies did could do the same? We have always been told that gas prices are so high (in part) because of taxes. And you just know those executives would LOVE to charge us less but, darn it all, they just can't.
If you are a "have-not" (which, if you are reading this, you are) you are screwed.
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